newbay1

RIM cast-off NewBay acquired in $55.5 million deal

Well, that didn’t last too long. RIM has decided to cut ties with NewBay Software, selling the provider of mobile content delivery technologies to publicly-traded Synchronoss Technologies. As it turns out, RIM is taking a bit of a bath on the deal, selling NewBay for $55.5 million in cash. That’s about half the $100 million price… Read More

newbay1

Report: RIM looking to offload NewBay after 10 months

Well, that certainly didn’t last too long. Just 10 months after purchasing NewBay Software for $100 million, Research in Motion is looking to sell the cloud services provider, according to a report by Reuters citing a source familiar with the situation. NewBay, whose cloud-based digital content offerings power photo albums, social networking services and calendars for… Read More

newbay1

RIM buys NewBay for $100M

Well, it must be acquisition day in the mobile arena. Following news that Nuance had purchased Swype, now comes word that Blackberry-maker RIM is paying $100 million for NewBay Software, reports All Things D. NewBay is headquarted in Ireland, but the 8-year-old company established its North American presence in Seattle last October. The deal is… Read More